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Marsh Says California Workers' Comp Rate Hikes Highest in 2013

Monday, February 10, 2014 | 0

California workers' compensation buyers in 2013 often saw double-digit rate increases that were steeper than any other state's, according to an insurance market report published Friday by Marsh.And that scenario looks like it will continue this year, with a recent Wells Fargo market survey predicting that this year California and states like New York with large urban centers can expect workers' compensation rate increases between 10%-20%.The Marsh workers' compensation analysis, by Christopher Flatt, reported that last year, low investment yields for insurers, deficient in...

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